New Zealand’s general insurance industry is likely to see increased government involvement as more and more households struggle with premium affordability, AM Best says in a report on the country’s non-life sector. Premium rates have already risen substantially as insurers respond to rising reinsurance costs after recent major catastrophes including the Auckland floods in January … Read more
The real estate division of PGIM, the $1.3tn US-headquartered asset manager, has launched an innovation lab, partnering with University College London and other global institutions to develop new technologies. The lab, RealAssetX, will tap more than 50 years of data from PGIM Real Estate — as well as from third parties — to develop new technologies … Read more
There’s a new class of weight-loss drugs in town. GLP-1 medications including Ozempic, Wegovy and Mounjaro were created to treat diabetes but have since been found to suppress appetites and induce substantial weight loss. It’s a big deal for the companies which make them, with shares of Novo Nordisk and Eli Lilly all soaring in … Read more